THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
McColl's third quarter like-for-likes edge up 0.7%

Convenience and newsagents chain McColl’s has said its full year results are likely to meet management expectations after third quarter like-for-like sales edged up 0.7%.

FOOD & DRINK

McColl's third quarter like-for-likes edge up 0.7%

In the 13 weeks to 27 August, like-for-like sales at its convenience stores and newsagents rose by 0.7% and 0.3% respectively.

Total revenue climbed by 31.1% for the quarter and by 15.8% in the year to date following the successful integration of 298 acquired convenience stores from The Co-operative Group.

The like-for-like performance in recently acquired and converted stores was up 2.6% in the period.

Earlier this month, Morrisons announced that it had embarked on a major long-term wholesale supply initiative with McColl’s.

Jonathan Miller, McColl’s chief executive, said: "This has been a significant quarter for McColl's with the integration of all 298 of the acquired convenience stores completed and the announcement of a ground breaking new supply partnership with Morrisons, beginning in January 2018.

"The 298 newly integrated convenience stores have driven strong revenue growth, and our existing estate has continued to perform well, delivering a second consecutive quarter of positive like-for-like sales growth.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy